Paul 'Chip' L. Lion III

Paul 'Chip' L. Lion III
Partner

755 Page Mill Road

Palo Alto, CA 94304-1018

plion@mofo.com

(650) 813-5615

BAR ADMISSIONS

California

EDUCATION

University of California, Davis, B.A.

Santa Clara University School of Law, J.D.

New York University School of Law, LL.M.

Chip advises institutional investors and fund sponsors in connection with the formation of venture capital funds, leveraged buyout funds, real estate opportunity and other private equity funds. He also represents both public and private companies in a broad range of industries, including the biotechnology, finance, medical device and information technology sectors. He structures, negotiates and advises clients on acquisition transactions and related matters, including stock acquisitions, asset acquisitions, mergers, divestitures, auction transactions, tender offers, defensive strategies, leveraged buyouts and cross-border transactions.

In addition to representing businesses and business leaders, Chip has served in numerous leadership positions of the Business Law Section of the American Bar Association, representing its 50,000 members on cutting-edge business issues. He served as Chair of the Section in 2014-2015 and held other officer positions, including Vice-Chair, when he served as editor-in-chief of Volume 68 of The Business Lawyer, the highly regarded journal of the Section, and Secretary of the Section (2011-2012), where he served as co-editor-in-chief of the Section's online monthly magazine. He is the Past Chair of the Venture Capital & Private Equity Committee of the Section. In 2020, he was awarded the prestigious Life Time Achievement Award by the Business Law Section of the California Lawyers Association.

Chip’s clients include:

Venture and Private Equity Funds:

  • Longitude Capital (life sciences venture capital firm)
  • Base10
  • Anthem Ventures (technology venture capital firm)
  • MAP Royalty, Inc. (fund focused on royalty interests associated with gas fields and renewable energy products)
  • The Capital Partnership Group (private investment office and asset manager)
  • NorthgateCapital
  • GSSG Solar (solar developer)
  • Others, including Inspiration Ventures, NEA, Frazier, 5 AM, Fifth Wall Ventures

Company Side Representation (including Corporate Venture Capital, IPOs and M&A transactions):

  • MarketShare Partners LLC (marketing analytics), sold to Neustar, Inc.
  • Mediconnect Global, Inc. (medical record retrieval), sold to Verisk Analytics (NASDAQ VRSK)
  • Microfabrica, Inc. (micromachining, additive manufacturer), sold to Technoprobe

Chip is nationally recognized for his work with Limited Liability Companies (LLCs). He writes and edits articles, outlines, and books on LLCs and partnerships and participates on panels focused on LLCs, including for the American Law Institute — American Bar Association LLC satellite telecast on LLCs for over 20 years. As former Chair of the Partnerships Committee of the Business Law Section of the California State Bar, he formed and participated in the Committee that drafted California's original LLC Act that became law on September 30, 1994. He has served as an advisor to the Uniform Limited Liability Company Act, the Revised Uniform Limited Company Act, and the Revised Uniform Partnership Act Drafting Committees of the National Conference of Commissioners on Uniform State Laws. From 1984-1990, he was an adjunct lecturer at law for the Santa Clara University School of Law.

Rankings

Best Lawyers in America 2010-2023

Recognized for Corporate Law

Best Lawyers in America 2010-2023

Recognized for Mergers & Acquisitions Law

Best Lawyers in America 2010-2023

Recognized for Tax Law

Legal 500 US 2017-2018

Recommended for Investment Fund Formation and Management

The Business Law Section of the California Lawyers Association

Recipient of the Lifetime Achievement Award